Answer:
The annual interest rate is 6.25%
Step-by-step explanation:
We have been given that
P = $50,000
I = $9,375
t = 3 years
r = ?
The formula for simple interest is given by

Therefore, the annual interest rate is 6.25%
Answer:
so is that all it says, if its not thats not a question because its already answered
Step-by-step explanation:
= 488000
(real number)
= 4.88 × 105
(scientific notation)
<span>= 4.88e5
maybe this will help ?</span>